Amid tensions with the White House, Treasury Secretary Scott Bessent backed Fed Chair Jerome Powell, saying there's no need ...

There is no need for U.S. Federal Reserve Chair Jerome Powell to immediately step down, Treasury Secretary Scott Bessent said ...

US President Donald Trump intensified his criticism of Fed Chair Jerome Powell, calling him a “numbskull” and blaming him for ...

Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, ...

On the eve of its interest rate decision, the Federal Reserve faces pressure from markets and politics. Inflation remains ...

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said the Federal Reserve's vital independence on monetary policy is threatened by its "mandate creep" into non-policy areas and he ...

If well designed, non-monetary rewards do incentivize behaviour – sometimes more strongly than money. Indeed, they can work as early as childhood.

While the Fed cannot control non-monetary inflation, it absolutely can control the dollar's value. Gold maintains its intrinsic value better than any other commodity—as it has for over 4,000 ...

Trump said that non-monetary trade barriers from our trade partners are sometimes worse than monetary ones in the form of tariffs imposed on the U.S. “They manipulated their currencies ...